New Price | Court Ordered Sale | Residential Redevelopment Opportunity
Opportunity to acquire a 100% freehold interest in a redevelopment site that is currently improved with a non-conforming vacant, mixed-use (industrial with residential) property in a gentrifying neighbourhood less than 1.5 km from Downtown Nanaimo. The R-14 zoning permits single family and up to fourplex development up to 0.65 FSR.
Building - The existing building is non-conforming. Originally constructed in 1958 (BC Assessment) this ±8,690 SF vacant building is of concrete block and wood frame construction. The building has a partial second floor with a two-bedroom suite. The main floor has what appears to have been office space that was being used as a residence and a separate warehouse area with 16 foot ceilings.
The Vendor makes no representations about the building/improvements or its continued use.